https://www.taxtmi.com/highlights?id=63009 Accrual of income - subscription monies received in advance - Addition on account of deferred income - CIT-A deleted the addition - The subscription monies received in advance are treated as deferred income and offered to tax on day to day basis which is correct methodology of revenue recognition under mercantile system of accounting. - AT en-us Wed, 20 Apr 2022 08:31:36 +0530 Wed, 20 Apr 2022 08:31:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63009 Accrual of income - subscription monies received in advance - Addition on account of deferred income - CIT-A deleted the addition - The subscription monies received in advance are treated as deferred income and offered to tax on day to day basis which is correct methodology of revenue recognition under mercantile system of accounting. - AT Highlights Income Tax Wed, 20 Apr 2022 08:31:36 +0530 https://www.taxtmi.com/highlights?id=63009